Billion market mystery thats how much facebook added in market cap today. The reason not entirely clear many pointing to the launch of reels, the answer to tiktok. We should point out that news was out yesterday morning. Facebook shares today surged 6 to a new alltime high so guy, whats your take on this move well, i have no idea why it moved like this. Id be lying if i said i had an answer i will give credit to karen because shes been on this something we said, you go back to the middle of june. I remember this when rei, north face, patagonia came out and said they were pulling their ads for a month. I remember saying youve got to pull the rip cord on this. Theyre the first but theyre not going to be the last that proved to be correct. On june 26th, the stock traded down to 207, cratered and then closed higher on the day something we said is and ill say it again, theres nothing about facebook i like in terms of the platform and ill continue to say that this reversal tells you all you
3 times i want. To marry my challenge. To such an agenda. Clear exactly. The sun. Our culture history the. C. W. Travel extremely worth a visit. Thats going to head spinning past few days for to talk donald trump wants to ban the Popular Video sharing app in the u. S. Microsoft wants to buy it at least in part all eyes are now on the latest flashpoint in american chinese tensions. Also on the show Kenya Airways resumes International Flights after a pause through the pandemic and the troubled flyer now dig itself out of a financial. Old. And south korean Ship Builders are crossing their fingers for new orders of l. In g. Tankers something that would keep their industry afloat and be a Positive Side for the global recovery. Who are welcome to the show and Stephen Beard is in berlin its good to have you with us microsoft is in talks to buy the u. S. Operations of social media platform ticktock a development that would prevent the much feared band of the app by washington of the American S
A financial hole. And south korean Ship Builders are crossing their fingers for new orders of l. In g. Tankers something that would keep their industry afloat and be a positive sign for the global recovery. Welcome to the show im stephen beards in berlin its good to have you with us microsoft is in talks to buy the u. S. Operations of social media platform to talk a development that would prevent a much feared ban of the app by washington of the American Software giant hopes to seal a deal by the middle of september and appears to have a thumbs up for now president donald trump. Today would be unthinkable without microsoft word and excel but so far the worlds leading Software Producer hasnt had a social media hit among young people that however could be about to change. President trump is giving chinese own social me. Platform tick tocks 45 days to sell its u. S. Business a chance for microsoft 2 8 3 2 2 4 8 9. Ticktock is an internationally successful social video platform that allows
Against the pandemic and when were losing, we buy the cramer covid19 index. Oh, i wish there were more to it than that. But when the virus seems unstoppable. You go back to the wealth and buy the stocks of the companies regardless of valuation. Thats how the dow gained 236 points today the s p advanced 2. 7 . And winners surge 1. 47 . This rally was extra infuriating to anyone who thinks the market should be linked to washingtons inability to pass another stimulus bill now that the 600 a week benefits have expired the rising case counts in so many states, california over 500,000 that forced closures of flagging businesses. So let me give you the guide to the perplexed. Because when you go to the tape and look at whats winning, its actually very straightforward. Theres nothing counterintuitive about this move. Its not crazy its not illogical in fact, it makes perfect sense. Lets do this. Lets consider the 15 best performers of the covid19 index. First, theres fastly. This is a platform
To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co